Zimbabwe Stock Exchange listed company, Delta Beverages is facing disruptions to the supply of Chibuku Super due to capacity limitations impacting key packaging material suppliers, the company has reported.
According to the group secretary Alex Makamure, Sorghum beer volume for the year ended 31 March 2018 grew by 8% above prior year for the quarter and 2% for the full year.
” The Sorghum beer volume for Zimbabwe grew by 8% above prior year for the quarter and 2% for the full year, there were some considerable disruptions to the supply of Chibuku Super due to capacity limitations impacting suppliers of key packaging materials.
“Our new Zambian subsidiary, National Breweries Plc (Natbrew Plc) registered a 21% growth for the quarter on improved product supply,” said Makamure.
He added that beverages company is facing challenges in acquiring imported raw materials due to lack of foreign currency in the country.
“Group revenue increased by 52% (45% excluding Natbrew Plc) for the quarter and is up 18% for the full year (17% excluding Natbrew Plc). Natbrew Plc was acquired effective 1 January 2018.
“There were pronounced product supply gaps occasioned by the challenges in acquiring imported raw materials and services as the access to foreign currency has become increasingly difficult.
“Lager beer volume grew 51% above prior year for the quarter and 27% for the full year, sparkling beverages volume increased by 49% over prior year for the quarter and 15% for the twelve months.
” This beverage category has a signiﬁcant import requirement and hence it will be more adversely affected by the ongoing foreign currency challenges,” added Makamure.